Imports increases by 7% in June

Published on: Sunday, July 9, 2017

Imports increases by 7% in June

The CIF value of goods imported during June increased by 7% compared to June last year. Approximately MVR 2.7 billion worth of goods were imported during June 2016, whereas this year the figure was recorded at MVR 2.9 billion. Among the top importing countries, United Arab Emirates recorded the highest with 19% and China at the second with 15%.

The total revenue collected through customs duty and other fees and fines during June 2017 showed an increase of 11% compared to that of June 2016. A total of MVR 210 million was collected through Customs duty last month.

The FOB value of goods exported during last June showed an increase of 118% to that of the same period last year, which is an increase from MVR 204 million in June 2016 to MVR 446 million in June 2017. The largest quantity of the exports was to Thailand which is 67% of the total exports for the month of June.

For further details please refer to ‘Monthly Statistics Sheet’.